Treasury yields climb to kickoff Q2 as the 2Y and 10Y hit 10-day highs

U.S. Treasury yields marched higher on Monday morning to kick off the beginning of Q2 as the shorter end U.S. 2-Year Treasury yield (US2Y) and the longer end U.S. 10-Year Treasury yield (US10Y) both advanced to highs not seen since March 20.

The 2-Year moved up 7 basis points early on to 4.70% while the 10-Year advanced 11 basis points to 4.31%.

Yields are reacting to Friday’s PCE reading which is also known as the Federal Reserve’s preferred inflation gauge. Powell stated on Friday that the report was "more or less in line with want we want to see," noting that he still wants to see more "good" inflation data.

As Treasury yields advance further, downward pressure is seen across prominent fixed income and Treasury focused exchange traded funds as yields and bond prices move in opposite parallels. See a group of fixed income ETFs that investors can further monitor as yields advance:

• Vanguard Total Bond Market ETF (NASDAQ:BND)
• iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)
• Vanguard Total International Bond ETF (BNDX)
• iShares 20+ Year Treasury Bond ETF (TLT)
• iShares 10-20 Year Treasury Bond ETF (TLH)
• iShares 7-10 Year Treasury Bond ETF (IEF)
• iShares 3-7 Year Treasury Bond ETF (IEI)
• iShares 1-3 Year Treasury Bond ETF (SHY)

Additionally, see how other yields trade across the entire yield curve here.